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Pension Benefits
 3 Months Ended
Jul. 31, 2014
Pension and Other Postretirement Benefit Expense [Abstract]  
Pension Benefits
Pension Benefits
 
Effective April 30, 2012, the Company froze all future benefit accruals under the Company’s hourly and salary defined-benefit pension plans.
 
Net periodic pension (benefit) cost consisted of the following for the three months ended July 31, 2014 and 2013: 
 

Three Months Ended
 

July 31,
(in thousands)

2014

2013
Interest cost

$
1,617


$
1,551

Expected return on plan assets

(1,917
)

(1,778
)
Recognized net actuarial loss

216


282








Net periodic pension (benefit) cost

$
(84
)

$
55


 
The Company expects to contribute $4.3 million to its pension plans in fiscal 2015, which represents required funding.  As of July 31, 2014, $0.5 million of contributions had been made.  The Company made contributions of $2.3 million to its pension plans in fiscal 2014.